The country’s trade turnover during January-February topped some US$95.81 billion, a year-on-year surge of 25.4%. Of the total, exports amounted to US$48.55 billion, a yearly hike of 23.2%, while imports were estimated at US$47.26 billion, or 25.9% higher than the same time last year. Foreign-invested companies accounted for 76.4%, or US$37.07 billion, of Vietnam’s total export turnover. Meanwhile, the domestic sector shipped abroad US$11.48 billion worth of products. There were nine commodities joining the billion-USD export club, including telephones and parts (US$9.3 billion, up 22.8% year-on-year); electronics, computers and parts (US$6.9 billion, up 27.3%); equipment, machines and parts (US$5.5 billion, up 72.6%); footwear (US$3.2 billion, up 15.4%); and wood and wooden products (US$2.4 billion, up 51%). They made up 73% of the country’s export turnover. Vietnam also saw strong surge in shipments of several agricultural products, such as fruits and vegetables (US$610 … [Read more...] about Vietnam racks up US$1.29 billion in trade surplus in two months
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Leaving big cities: A transitory fad or a consistent trend? By Nguyen Minh Hoa Living closer to nature or in the countryside is now a way of life - PHOTO: THANH HOA Titles such as “Farewell to Moscow,” “Departing Seoul,” or “Goodbye Kuala Lumpur” have made the headlines in the international press these days, suggesting a phenomenon in which many people left metropolises for the countryside. In Vietnam, a similar fact has also happened when residents departed HCMC and Hanoi to live in rural areas. Most of them did so because of the Covid-19 pandemic. However, will they return to their cities after the pandemic is over? The industrial revolution which broke out in Europe and North America at the beginning of the 17th century also triggered the mass exodus from villages to cities which were huge industrial hubs. Ever since, such a move, be it fast or slow, has never halted. The world is now home to truly “megacities” that may house up to 40% of the national population … [Read more...] about Leaving big cities: A transitory fad or a consistent trend?